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Stay informed on the latest forest industry news and market insights.

F&W is committed to helping landowners get the most out of their timberland – one of the best tools is current and relevant information. Through the F&W Forestry Report, our clients and subscribers gain an insider’s view on the latest market conditions, timber prices and legislation affecting forestry. Each quarterly report is packed with insights gathered from our participation in professional associations, academic research cooperatives and everyday work in the forest to give you an edge in the marketplace.

Covid-19’s Certain—and Uncertain—Effects on Forestry Sector

Covid-19’s Certain—and Uncertain—Effects on Forestry Sector

It is too soon to know the full impact of the COVID-19 pandemic on the forest products sector, but data is beginning to reveal mixed results.

“There were 700,000 tons of tissue manufactured in March, the highest monthly figure since pre-recession 2007.  But commercial and writing paper were down,” writes Marshall Thomas, president of F&W Forestry Services, Inc., in his company’s summer newsletter.  “Lumber production nosedived in March but is now recovering.”

Thomas noted that after starting off the year on a strong note, housing starts plummeted in April but then rose in May.  Sales of newly built homes followed a similar trend, with May numbers 12.7 percent above the same month a year ago.

“What we all need to know—and won’t until it’s over—is whether we will see a V-, U-, L-, or W-shaped recovery,” Thomas writes.  “Of course, we all want to see a V, meaning the drop will be fast and the recovery as fast, and there are some signs that may be the case, but we won’t know for a couple of years.”

TO SEE THE FULL ARTICLE IN THE SUMMER 2020 F&W FORESTRY REPORTSUBSCRIBE NOW»

Housing Numbers Offer Reason For Optimism As Economy Reopens

Housing Numbers Offer Reason For Optimism As Economy Reopens

Housing was poised to make a comeback in 2020 but, like everything else following the start of the coronavirus pandemic, home construction plummeted.  With unemployment reaching record highs and consumer spending low, a rebound in housing was not expected to be imminent.  But according to recent data, we might be pleasantly surprised.

The year began with the highest level of housing starts since December 2006, but tumbled moving into April as a result of the shutdowns.  But as states began easing restrictions, housing starts and building permits rose from April to May, yet remained below May 2019 levels.  However, May sales of newly built, single-family homes are 12.7 percent above where they were a year prior.

“We are seeing many positive economic indicators that point to a recovery, including low interest rates, rising demand, and an increase in mortgage applications,” said Dean Mon, immediate past chairman of the National Association of Home Builders.

TO SEE THE FULL ARTICLE IN THE SUMMER 2020 F&W FORESTRY REPORTSUBSCRIBE NOW»

Report Shows Role Of Forests In Offsetting GHG Emissions

Report Shows Role Of Forests In Offsetting GHG Emissions

A new U.S. Forest Service report finds that American forest ecosystems account for more than 95 percent of all land-based carbon sequestration in the U.S., removing the equivalent of 11 percent of greenhouse gas (GHG) emissions annually from the atmosphere.  The report provides an overview of the status and trends of GHG emissions and removals from forest land, woodlands, harvested wood products, and urban trees.

Forest land remaining forest land makes up the largest “land carbon sink,” or stores the most carbon.  Wood products in use and in landfills are also important contributors to the carbon sink, representing 15 percent of total removals.

While data has been recorded since 1990, this is the first year the report includes data on individual states, showing that in 2018, Mississippi had the greatest removal of carbon while Montana had the highest rate of emissions.

TO SEE THE FULL ARTICLE IN THE SUMMER 2020 F&W FORESTRY REPORTSUBSCRIBE NOW»

Florida Prepares To Distribute Disaster Relief Funds

Florida Prepares To Distribute Disaster Relief Funds

The state of Florida has reached an agreement with the U.S. Department of Agriculture (USDA) on the distribution of $380.7 million in block grant funding to Florida timber growers for the damage caused by Hurricane Michael.  The agreement covers all types of timber producers as well as farmers who have damaged irrigation systems.

The October 2018 Category 5 hurricane tore through the Florida Panhandle, Southeast Georgia, and Southwest Alabama.  According to the Florida Department of Agriculture and Consumer Services, the timber industry lost $1.3 billion when more than 550 million trees, weighing 72 million tons, were damaged.  Timber is the leading industry in the region.

A $3 billion federal disaster assistance package signed into law in 2019 made the grants available to counties impacted by natural disasters.  In March, Georgia began accepting applications from eligible landowners and farmers for its $347 million block grant program.  However, a dispute between Florida officials and the USDA over payment limits caused a delay in implementing the program in the Sunshine State.

State officials will work with the USDA to create a plan to distribute the funds.  Florida forest landowners impacted by Hurricane Michael are advised to gather documentation and evidence of damage for submission and apply to the USDA Emergency Forest Restoration Program.  The Florida Department of Agriculture and Consumer Services, the Florida Forest Service and the Florida Division of Emergency Management will together administer the funds.  Funds may be distributed as soon as this fall.

The F&W Forestry Report is published quarterly for our clients reporting on the latest market conditions, timber prices and legislation affecting forestry.

Winter 2019

Summer 2019

Spring 2019

Please note that archived newsletters lag
one year behind current publications.

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For media inquiries, contact Bates Associates: 770-451-0370, bbates@batesassociates.net